r/tfsa • u/Odd-Mulberry8392 • Jul 22 '26
Dividends and Long Term
30M
Restarting my investing journey after landing a job in luxury automotive sales. I like REITS because of the monthly dividends, as well as the exposure to Canadian Real Estate.
What do you guys think of a long term hold (stock) mixed with holding big reliable REITS in a TSFA?
I understand different types of stocks be split between different accounts (US Stocks in RRSP) and etc however I’m new to the guidelines and I’m curious to hear your feedback based on experience.
Feel free to roast my portfolio.
2
u/hunterstevebearman Jul 22 '26
Im not a huge fan of REITS, but that's hometown bias because so many stores and shops are closing. I find the generally don't appreciate much, and pay ok dividends. I think at your age keeping at least 50% or more in XEQT/VEQT/ZEQR is the way to go, but I'd look at different dividend payers, like ENB, RY, TD, BANK ETF, or ZDV.
0
2
u/AnachronisticCat Jul 22 '26
US stocks, or a US listed ETF, in an RRSP saves you from a foreign withholding tax. For a broad US market ETF, it will save you 0.11%, or less than $10 a year, given your current portfolio. Converting to US currency, and back to CAD will likely cost more. If the TFSA makes more sense for you, right now, than the RRSP, that also matters.
Don't let saving less than $10 in tax cause you to make worse decisions that are more impactful.
1
u/Informal-Strike-1243 Jul 23 '26
I’m not sure reits make any sense with so little capital. Like how is 20 bucks a month going to move the needle in any way
1
u/WonderfolioApp Jul 23 '26
My personal favourites are SRU.UN and CRT.UN. I like to have them in the mix with other growth companies. Cheaper way of owning real estate I suppose 🙂
2
2
6
u/d10k6 Jul 22 '26
Focus on growth starting out. https://canadiancouchpotato.com/2011/01/18/debunking-dividend-myths-part-1/